Reuters India Business

By Krishna N. Das NEW DELHI (Reuters) – Global vaccine-sharing network COVAX is still seeing strong demand for India-made doses of the AstraZeneca COVID-19 shot, one of its backers GAVI said, following comments from producer the Serum Institute of India (SII) that uptake had slowed sharply. The SII, the world’s biggest vaccine maker, told India’s …

Demand still strong for India-made AstraZeneca vaccine doses – COVAX’s GAVI Read More »

By Aditya Kalra and Gianluca Semeraro NEW DELHI/MILAN (Reuters) -Italy’s Generali is in talks to raise its stake in two Indian insurance businesses as its local partner, debt-laden Future Group, looks to exit the arrangement, three people familiar with the discussions told Reuters. Generali wants to increase its stake to as much as 74% in …

Generali eyes bigger stake in India businesses as Future seeks exit -sources Read More »

By Shilpa Jamkhandikar and Chandini Monnappa MUMBAI (Reuters) – The malls division of Swedish furniture giant IKEA will invest around 90 billion Indian rupees ($1.19 billion) in two centres it plans to build on the outskirts of New Delhi, a top executive said on Wednesday. IKEA’s malls business, one of the world’s biggest, said it …

IKEA malls business to invest around $1.2 billion in India – executive Read More »

By Krishna N. Das NEW DELHI (Reuters) -Indian COVID-19 vaccine makers are lobbying the government to authorise boosters as supplies have so outstripped demand that one drugmaker told Reuters it had suspended a plan to produce more than 100 million doses of Russia’s Sputnik shot. The Serum Institute of India (SII), the world’s biggest vaccine …

Indian vaccine makers bank on boosters as demand crashes Read More »

BENGALURU (Reuters) -India’s Mahindra Group said on Wednesday it was partnering with Jio-bp, a joint venture of Reliance Industries Ltd and BP Plc, to explore the creation of products and services for strengthening the conglomerate’s electric vehicle push. Under the non-binding deal, the company will evaluate Jio-bp’s charging and battery swapping technology for its electric …

India’s Mahindra Group ties up with Jio-bp JV to bolster EV business Read More »

BENGALURU (Reuters) – India’s largest private health insurer Star Health has cut the size of its initial public offering (IPO) to 64 billion rupees ($848.02 million) from 72.49 billion rupees earlier after a subdued response to the IPO last week, its prospectus showed. Star Health’s IPO failed to get fully subscribed last week, signalling weak …

India’s Star Health cuts IPO size to about $848 million after tepid subscription Read More »

NEW DELHI (Reuters) – Indian billionaire tycoon Mukesh Ambani, who controls India’s biggest wireless carrier Reliance Jio Infocomm, said on Wednesday the country should prioritise the rollout of 5G telecommunications and also ensure devices become affordable. India, the world’s second-biggest telecoms market with more than a billion subscribers, must migrate from 2G to 4G and …

Indian billionaire Ambani says 5G rollout should be nation’s priority Read More »

(Reuters) – The Reserve Bank of India’s monetary policy committee (MPC) kept its key lending rate steady at record lows on Wednesday, as expected, with policymakers looking to gauge the impact of the Omicron coronavirus variant on the economic recovery. The committee held the lending rate, or the repo rate, at 4%. The reverse repo …

India’s central bank leaves rates on hold amid Omicron risks Read More »